Overview
What is Christian Center Housing Corp?
Christian Center Housing Corp is a nonprofit organization dedicated to serving the elderly community. They provide 39 units of affordable housing, catering specifically to this age group. In addition to the housing, they offer Section 8 rental assistance for each apartment within the project. The primary objective of Christian Center Housing Corp is to offer low income housing opportunities for the elderly, thereby contributing to their well-being and maintaining their independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Christian Center Housing Corp has earned a solid Three-Star rating based on its Accountability & Finance metrics. The charity exhibits strong governance practices, with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower protections. The organization demonstrates transparency with well-maintained financial statements and documented board meeting minutes.
A notable strength is its program expense ratio, which is high at 81.28%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs. However, the charity faces a challenge with its liabilities to assets ratio, which stands at 142.36%. This suggests that the organization may have more liabilities than assets, a factor that could impact its financial stability in the long term. Overall, while the charity demonstrates strong accountability, the financial health aspect raises concerns.
This AI summary has been generated from information found on Charity Navigator.
Is Christian Center Housing Corp legitimate?
Christian Center Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christian Center Housing Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,962
For more financial information, click here
What is the mission statement of Christian Center Housing Corp?
Christian Center Housing Corp, as an organization, is dedicated to providing low-income housing opportunities for the elderly. Their mission encompasses offering 39 units of such housing and providing Section 8 rental assistance for each apartment in their project. The primary goal of this corporation is to ensure that elderly individuals with limited income have access to suitable housing accommodations.
Who is the CEO of Christian Center Housing Corp?
Peter Lafayette is the Treasurer of Christian Center Housing Corp.
What is the revenue of Christian Center Housing Corp?
Christian Center Housing Corp's revenue in 2022 was $532,698.
Who are the executives of Christian Center Housing Corp and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Christian Center Housing Corp?
Christian Center Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Christian Center Housing Corp
Christian Center Housing Corporation, a nonprofit organization, is dedicated to providing low-income housing opportunities for the elderly. In line with its mission, the corporation offers 39 units of residential accommodation specifically designed for elderly individuals. To further assist these residents, Christian Center Housing Corporation provides Section 8 rental assistance for each apartment within the project. The primary objective of this nonprofit is to ensure that the elderly have access to affordable housing, thereby enhancing their quality of life.
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Impact
July, 2024
Christian Center Housing Corp's impact is significant in providing essential housing services to low-income elderly individuals in Pittsfield, MA. Through its 39 units of low-income housing and the provision of Section 8 rental assistance for each apartment, the organization ensures that this vulnerable population has access to safe and affordable housing options. By fulfilling its mission to cater specifically to the housing needs of the elderly, Christian Center Housing Corp plays a crucial role in enhancing the quality of life and well-being of these individuals in the community.
This information is meant to be a general summary of Christian Center Housing Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $655
- Program Service Revenue: $532,043
- Gross Receipts: $532,698
Assets and Liabilities:
- Total Assets: $1,354,692
- Total Liabilities: $1,868,674
- Net Assets: -$513,982
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY RECEIPTS
Revenue
$2,027
RENTAL RECEIPTS
Revenue
$152,492
SECTION 8 SUBSIDIES
Revenue
$377,524
Organization Details
Founding Year
1986
Phone
(413) 499-1630Principal Officer
Peter Lafayette
Main Address
C/O BERKSHIRE HOUSING PO BOX 1180, PITTSFIELD, MA, 01202
NTEE Category
Code: L22Z - Housing
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